The S&P Is Soaring, But Two-Thirds of Stocks Are Stalling

Source: The Daily Economy
by Peter C Earle

“The S&P 500 promises broad exposure to American business. But with ten companies accounting for 40 percent of its value, investors may be far less diversified than they believe.” (10/19/26)

https://thedailyeconomy.org/article/the-sp-is-soaring-but-most-stocks-are-stalling/

How Congress Fixed Social Security During Its Last Crisis

Source: Foreign Policy
by Julian E Zelizer

“Social Security faces a major fiscal challenge. The program, which has provided retirement, survivor, and disability benefits to millions of Americans since its creation in 1935, is projected to soon cost more than its total income. The budgetary shortfall is already prompting the government to draw down reserves, which will reach unsustainable levels by the early 2030s. … In the early 1980s, Congress faced a similar crisis and acted. Although the solution that a bipartisan coalition put into place in 1983 has itself contributed to the challenges policymakers face today, the political approach they took remains instructive. Indeed, it is the only viable path forward.” (10/19/26)

https://archive.is/RiwNz

Texas Democratic candidate for governor sues to review emails between Elon Musk and Greg Abbott

Source: NBC News

“Texas state Rep. Gina Hinojosa, the Democratic nominee for governor, announced a lawsuit Monday against Gov. Greg Abbott over emails between his office and Republican ally Elon Musk. Hinojosa — who is challenging Abbott in a tight contest — said at a news conference that she filed the suit to obtain redacted documents that ‘Abbott refused to release,’ claiming they were being withheld because they are ‘intimate and embarrassing.’ A spokesperson for Abbott called the lawsuit ‘baseless’ and ‘nothing more than an act of desperation.'” (10/19/26)

https://www.nbcnews.com/politics/2026-election/texas-democrat-gina-hinojosa-sues-review-emails-elon-musk-greg-abbott-rcna604443

Australia: Prime Minister Says Lawmaker Critically Injured by Car Is “No Accident”

Source: US News & World Report

“A car hit an Australian federal independent lawmaker on Monday, critically injuring her in an apparently deliberate attack, Prime Minister Anthony Albanese said. The driver was arrested. Helen Haines, 65, was struck by a Toyota Land Cruiser SUV outside her electoral district office midafternoon in the city of Wangaratta in Victoria state, police said. Albanese said the national counterterrorism team, incorporating police and intelligence agencies, was investigating. … Haines, who was first elected to the Parliament in 2019, was taken to a hospital with critical injuries, police said.” (10/19/26)

https://www.usnews.com/news/world/articles/2026-10-19/police-say-a-car-has-hit-an-australian-lawmaker-critically-injuring-her-the-driver-was-arrested

The Modernist Case for Originalism

Source: Law & Liberty
by Zachary Chambers

“Originalism’s position seems unassailable, with both a majority of Supreme Court justices pledging fidelity to some variant of the theory, and tremendous institutional backing within the conservative legal world through institutions like the Federalist Society Despite this dominance, a number of conservative intellectuals and academics have for years expressed deep skepticism of originalism. A 2021 article coauthored in part by Professor Hadley Arkes labels originalism a positivist theory that ‘ignores both our broader Anglo-American tradition and the influence of natural law on our nation’s founding,’ forcing judges to act as ‘technocrats focused entirely on the text, with no attention to the underlying principles that give meaning to that text.’ This is not a new critique.” (10/19/26)

https://lawliberty.org/the-modernist-case-for-originalism/

Donald Trump is Politically Bankrupt. Be Very Afraid

Source: Paul Krugman
by Paul Krugman

“Trump says that he won’t order a strike [on Iran] before the midterms. But Robert Pape, author of the Substack Escalation Trap, argues that we shouldn’t believe him — that the bombs may well drop before the midterms. And while I am not a strategic expert, I believe that Pape may well be right, because his analysis of Trump’s political position is something I recognize from financial economics. You see, it’s a well-understood proposition that the owners of businesses that are on the verge of going bust often engage in destructive behavior. And Trump is about to go bankrupt — not financially (he’s made billions through corruption) but politically. So he, like a failing businessman, has strong incentives to wreak havoc.” (10/19/26)

https://paulkrugman.substack.com/p/donald-trump-is-politically-bankrupt

Neon Liberalism, episode 95

Source: Liberal Currents

“The Department of Homeland Security’s decision to raid U.S. Rep. Ilhan Omar’s residence is continuous with President Donald Trump’s birther politics and immigration obsessions, but it also touches on elemental constitutional issues—similar to the issues that once sparked the English Civil War. And what does it mean for the imminent U.S. elections? Samantha Hancox-Li is joined by Adam Gurri, publisher of Liberal Currents.” (10/18/26)

https://www.liberalcurrents.com/ilhan-omar-vs-regime-politics-neon-liberalism-95-with-adam-gurri/