Topley's Top 10

Happy 250th America

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1. Happy 250th America

Michael A. Arouet

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2. Happy 250th America

Irrelevant Investor

The Irrelevant Investor

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3. Hyperscalers Today vs. 5 Year PE History….At or Below Median

Jack Ablin-Cresset.

Cresset

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4. Re-Shoring Index is Winning

Van Eck The UBS US Reshoring Index, which includes companies such as Caterpillar, Rockwell Automation, Steel Dynamics, and United Rentals, has outperformed the S&P 500 Index over the past three years. These are not AI companies. They are the companies building the world AI requires

The Builders are Winning

VanEck

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5. GLD ETF 50day thru 200day to Downside

StockCharts

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6. IPO Returns Historically Bad….Especially Bad 2020-2025

Meb Faber

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7. Regional Banks Breaking Out to New Highs….Not a Negative Economic Signal

StockCharts

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8. Warren Buffet and the Power of Compounding

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9. Here’s What It Means to Be a Democratic Socialist-NY Times

Universal health care, taxing the wealthy and opposition to military aid to Israel are among the movement’s key tenets.

By Emily Davies Here is a closer look at the pillars of democratic socialism.

End Military Aid to Israel

The defining feature of primary races in New York on Tuesday was a litmus test on American support for Israel. Democratic socialists won that ideological battle handily, since staunch opposition to continued military aid is a key part of their campaigns.

Expand the Social Safety Net

Democratic socialists want the government to lower the cost of living for Americans. Under their platform, child care, pre-K and public higher education amount to a collective good and should be completely free and funded by the government. They also support universal rent control, and want every worker to receive paid family leave.

Guarantee Free Health Care

The D.S.A. wants to create a single, government-run national program providing essential health care for everyone.

Tax the Rich

There is no consensus about how much such a system would cost the federal government, nor exactly how it would be funded.

Defund or Abolish Prisons and the Police

The D.S.A. is widely skeptical of police power and the American penal system. The organization wants to “defund the police by rejecting any expansion to police budgets” and calls for “freedom for all incarcerated people.”

Raise the Minimum Wage, Shorten the Workweek

Democratic socialists believe in raising the minimum wage and instituting a 32-hour workweek with no reduction in pay or benefits.

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10. Medical advances mask epidemic of violence by cutting murder rate

Murder rates would be up to five times higher than they are but for medical developments over the past 40 years.

According to new research, doctors are saving the lives of thousands of victims of attack who four decades ago would have died and become murder statistics.

Although the study is based on US data, the researchers say the principle applies to other countries too: “There is reason to expect a similar trend overall in Britain,” said Dr Anthony Harris, the lead author of the study.

In the research he and a team from Massachusetts University and Harvard Medical School found that technological developments had helped to significantly depress today's murder rates, converting homicides into aggravated assaults.

“Without this technology, we estimate there would be no less than 50 000 and as many as 115000 homicides annually instead of an actual 15 000 to 20000,” they say in a report of the study in the journal Homicide Studies (2002;6:128-66).

The team looked at data going back to 1960 on murder, manslaughter, assault, and other crimes. It merged these data with health statistics and information on county level medical resources and facilities, including trauma centres, population, and geographic size. The researchers then worked out a lethality score based on the ratio of murders to murders and aggravated assaults.

They found that while the murder rate had changed little from a 1931 baseline figure, assaults had increased. The aggravated assault rate was, by 1997, almost 750% higher than the baseline figure.

The team also described the dramatic overall decrease in trauma mortality in the second half of the 20th century.

The period of greatest change came between 1972 and 1977, on the heels of the US involvement in the Vietnam war, which triggered big advances in trauma care.

The team found that at county level significant drops in lethality of assault were linked to availability of high levels of care. The impact of a county simply having a hospital also had a significant impact, reducing lethality ratios by as much as 24% a year.

The researchers also highlight an irony in the life saving achievements of medical technology and doctors. Keeping down the murder rate may, perversely, have influenced the debate on gun control.

“Our lethality findings are strongly consistent with the hypothesis that progress in emergency medical care has converted an ever increasing proportion of homicides into non-lethal assaults and thus, by virtue of good intentions, ironically and unintentionally masked a continuing epidemic of violence in America,” says the report.

“Clearly, there is less perceived need to find common cause on gun control if the perception is that severely wounded victims of knives and automatics are routinely ‘repaired’ and back on the streets in no time.”

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