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" ... Charles Gasparino, the long-time chronicler of Wall Street, wrote in the New York Post, “Many other banks and financial businesses are now seeking to move out of the once-friendly confines of New York City, which isn’t so friendly anymore.” He added, “The trend has been a slow burn over the past two decades, but now it has kicked into high gear thanks to [Covid-19], spiraling costs and a feckless political class that runs this city and state.” Gaparino said about JPMorgan’s CEO, “[Jamie] Dimon, I am told, vetoed a plan several years back to move a swath of the bank to south Florida because he didn’t think the schools were good enough. Now, he appears to have changed his mind and is considering plenty of relocations outside New York City.” ... "
" ... Congress may be feckless in the context of the average individual, but it highly effective for cutting corporate taxes. Yes, the 2017 so-called Tax Cut & Jobs Act was a prime example. Precious little investment in hiring and facilities that its proponents claimed, even as taxes came down to a record low since the 1940s. ... "
" ... In a democracy, it’s awkward to punt important decisions about government spending to unelected bureaucrats. The point of IPAB, however, is to serve as a pre-commitment device, one that reflects the public’s genuine desire to constrain Medicare spending even if feckless legislators can’t muster the political courage to do it themselves. ... "
" ... Tesla's year-to-date sales of made-in-China Model 3s now total 94,000. That's a solid performance from a base of zero in December 2019, but it is well short of bullish Wall Street projections. As a lifetime car analyst I refuse to publicize the names of the feckless buffoons who "follow" the stock, but one notably clueless analyst stated on CNBC that Tesla is going to sell 150,000 made in China Model 3s in 2020. Huh? How does one get from 94,000 through 10 months to 150,000 for a full year? Santa Claus? ... "