A Public Service Enterprise Group plant outside Trenton, New Jersey. The utility’s stock is up almost 10% so far this year. PHOTO: ROBERT BARNES/GETTY IMAGES
Suddenly, boring is beautiful in the stock market.
As investors lick their wounds from early-year troubles and search for some stability in their portfolios, they are dumping shares in fast-expanding industries such as technology and turning to companies paying hefty dividends.
This year, stocks in the S&P High Yield Dividend Aristocrats Index—companies in the S&P Composite 1500 that have increased their dividends every year for at least 20 years—are up 1.91%, including dividends, compared with a negative total return of 4.3% for the S&P 500 index. The total return on the Dow Jones U.S. Dividend 100 Index, composed of stocks that offer consistent, high payouts, is negative 0.8%.
It is the latest sign of changing times in the markets, with income-generating investments suddenly warranting a premium, in contrast with the trend that held from 2009 to last year, when dividend stocks lagged behind a broad market rally.
In his searing opening monologue for the 88th Academy Awards—what he dubbed the “White People’s Choice Awards”—comedian Chris Rock relentlessly roasted Hollywood’s racism, in a year criticized for only nominating white actors.
“We want opportunity,” he said. “We want black actors to get the same opportunities as white actors. That’s it.” Watch the full clip above.
It was, in fact, a year marked by stellar performances from actors of color, including Michael B. Jordan, Abraham Attah, Idris Elba, Teyonah Parris, O’Shea Jackson, Ava DuVernay, and David Oyelowo. And Chris Rock, without pulling any punches, called the Academy of Motion Pictures Arts and Sciences out on it: “If they nominated a host, I wouldn’t even get this job.”
He went on: “Is Hollywood racist? You damn right Hollywood’s racist,” Rock said. “Hollywood is sorority racist: We like you Rhonda, but you’re not a Kappa.”
Since its list of nominees was unveiled in January, the Academy has been criticized for its failure to nominate a single minority actor for the second year in a row. The move fueled outrage from celebrities, with some like Spike Lee, Jada Pinkett Smith, and Will Smith refusing to attend this year’s ceremony. There was also an online campaign using the hashtag #OscarSoWhite. (One bright spot: Mexican filmmaker Alejandro González Iñárritu, who is vying to become the first director since Joseph Mankiewicz to win best director for the second year in a row for The Revenant.)
The Overlooked Importance of Corporate Power
Despite China’s recent economic struggles, many economists and analysts argue that the country remains on course to overtake the United States and become the world’s leading economic power someday soon. Indeed, this has become a mainstream view—if not quite a consensus belief—on both sides of the Pacific. But proponents of this position often neglect to take into account an important truth: economic power is closely related to business power, an area in which China still lags far behind the United States.
To understand how that might affect China’s future prospects, it’s important to first grasp the reasons why many remain bullish on China—to review the evidence that supports the case for future Chinese dominance. At first glance, the numbers are impressive. China’s GDP is likely to surpass that of the United States—although probably not until at least 2028, which is five to ten years later than most analysts were predicting before China’s current slowdown began in 2014. After all, China is already the world’s largest market for hundreds of products, from cars to power stations to diapers. The Chinese government has over $3 trillion in foreign exchange reserves, which is easily the world’s largest such holding. And China overshadows the United States in trade volume: of the 180 nations with which the two countries both trade, China is the larger trading partner with 124, including some important U.S. political and military allies. Finally, China has made steady progress toward its goal of becoming the investor, infrastructure builder, equipment supplier, and banker of choice in the developing world. Much of Asia, Africa, and Latin America now depends on China economically and politically.
The 88th Annual Academy Awards, hosted by Chris Rock, air Sunday, February 28, at 7 pm EST. Eight films have been nominated in this year’s coveted Best Picture category: The Big Short, Bridge of Spies, Brooklyn, Mad Max: Fury Road, The Martian, The Revenant, Room, and Spotlight.
While critically acclaimed, not all of these films were big successes at the box office. The Revenant, for example, made more than Brooklyn, Room, Bridge of Spies, and Spotlight combined.
Find out how much each film made both in the U.S. and abroad, according to Box Office Mojo,
See answers here:
Enny Nuraheni / ReutersMost pills today are made in factories like this one in Indonesia.
In America, the number of deaths from drug overdoses exceeded the number of deaths from car crashes or guns in 2014, the most recent year for which data is available.
Legal prescription opioids like Oxycontin and Percocet, as well as illegal opioids like heroin, were involved in 60% of those deaths, according to a CDC report released in January.
The overdoses have led the federal government to dub opioid abuse an “epidemic.”
The problem has gotten so bad that President Barack Obama recently allocated $1.1 billion to fight the epidemic in his proposed budget for 2017. It follows up on a 2011 plan from the White House to address the issue through expanded education, enforcement, and drug tracking.
All of the attention on the opioid crisis has had a major unintended consequence, at least if you talk to many of the doctors who prescribe them: many are increasingly wary of prescribing opioids, even for legitimate pain patients, according to several pain specialists we spoke to.
Professor Stephen Hawking speaks during the opening ceremony of the London 2012 Paralympics at the Olympic Stadium on August 29, 2012, in London, England. — Dan Kitwood/Getty Images
In October, a Reddit user asked Stephen Hawking if he thinks robots are coming to take all of our jobs.
“In particular, do you foresee a world where people work less because so much work is automated?” the user asked the renowned physicist on an Ask Me Anything thread.
The question isn’t crazy. Computers are getting smarter and more efficient all the time. It’s conceivable that we one day will reach a point where machines’ output is simply much more valuable than humans’.
Hawking didn’t discount the notion that machines may replace us. But he said whether this is good or bad depends on how the wealth produced by machines is distributed. That is, Hawking is more concerned about capitalism than he is about robots. He wrote:
…Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality.