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Why Hasn’t the California Globe Retracted Its Story?

The Big Picture

The Globe, amazingly, cannot even sum a column of five small numbers. Newsom and his staff including Brandon, are picking numbers and months to serve Newsom’s own false narrative. It was the Journal, then Hoover, then CABIA, that did all of the cherry-picking, and used a bad set of numbers to do it. That’s not even math.

Food 338
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Surprise! California’s 40 Qs of Rising Minimum Wage & Fast Food Industry Growth (Beating USA)

The Big Picture

To prove their point, a number of friendly commentators, academics, and hired guns all wrote endless white papers, Op-Eds and commentaries. But they made one super-sized mistake: they cheated with the numbers. ” A bit of quick math: 726,600/0.987 = 736,170 (starting point). 726,600 – 736,170 = -9,570.

Food 306
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Seattle Redux: Misunderstanding Seasonal Adjustments

The Big Picture

Barry has written extensively about denominator blindness, i.e. throwing out a number without any context whatsoever. Well, the number is actually very close to the latter (1.470 million): So, 10k on 1.470 million is less than 1 percent — 0.68% to be exact. certain that the Journal got the number from BLS. But whatever.

Food 336
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Wednesday links: narrative fallacies

Abnormal Returns

Strategy On the strange math of stock returns. sherwood.news) The number of existing homes for sales keeps rising. fortunesandfrictions.com) Betting on smart beta has generally not worked out well for investors. morningstar.com) Companies Uber ($UBER) is making progress towards becoming a 'super-app.'

Math 267
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Math Problems

The Better Letter

The maths are exactly the same. These sorts of math problems are the focus of this week’s TBL. Math Problems As this TBL goes live, just 16 games and one day of the NCAA Tournament are in the books, yet my bracket is a mess. We notice the unlikelihood of 100 in a row because of the pattern. Thanks for reading.

Math 93
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Personal finance links: paying for the life you want

Abnormal Returns

financialducksinarow.com) Retirement The math behind savings rates and retiring early. dariusforoux.com) Society New car prices are out of the reach of an increasing number of Americans. (thisisthetop.substack.com) Charlie wants to be a neobank for seniors. techcrunch.com) Medicare Nothing about Medicare is simple.

Math 246
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Personal finance links: slowing down

Abnormal Returns

humbledollar.com) Tony Isola, "Withdrawal rates are more than numbers on a spreadsheet." awealthofcommonsense.com) The math on downsizing your house isn't working as well these days. (open.spotify.com) Peter Dunn on understanding your relationship with money. open.spotify.com) Retirement Nine things to consider in retirement.

Insurance 264