Happy Hour: Facebook Divorce And A Dumber Congress?

Welcome to Happy Hour and the start of Memorial Day weekend.  While you’re lounging around enjoying the three-day weekend, take a look at what I’ve been reading this week.

Divorce Over Facebook

It seems Facebook is great at destroying two things.  First, its market value.  Second, is marriages.  A recent U.K. survey shows that Facebook has contributed to an increase in divorces.  More than 30% of divorce filings have the word Facebook in it.  Either, the openness of social networking has a dark side or people shouldn’t post everything about their lives on Facebook.

A Dumber Congress?

A lot can happen in 7 years.  Just look at the U.S. Congress.  A new study shows that today’s Congress speaks at a 10th grade level.  Not bad, until you compare it to 2005 when Congress spoke at an 11th grade level.  It also shows that newer members speak at a lower level than older members.  Of course, this may not be a sign of a dumber Congress.  It could simply be better communication skills.  Or could it?

Last Call

  • Rebalancing: Should You Bother? – covers some of the conflicts to rebalancing and just how often, if at all, we should rebalance our portfolio.  Personally, i still believe annually is best.
  • Sorkin’s Glass-Steagall Straw Man – There has a been a lot of rhetoric lately surrounding JP Morgan and whether the Volcker Rule or Glass-Steagall would have prevented it.  Which ever side you fall on, the repeal of Glass-Steagall, which worked great for 50 years, played a big role in the bank collapse.
  • Why Warren Buffett Is Buying Newspapers – The newspaper has been claimed as a dying business for years.  Buffett doesn’t think so and he seems to have a good reason too.  Small town local news sells.

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