Newsletter Aug 16, 2021

The fall of the Afghan government to the Taliban before the US completes its military pullout ends a painful 20-year period of American involvement.

3 things you must know
  • Afghanistan's fall marks another failed nation-building attempt

    President Joe Biden vowed to avoid a Saigon-style exit from Afghanistan the way the US departed from Vietnam nearly a half-century ago. Yet with two weeks remaining in America's withdrawal from the war-torn nation, the Taliban ceased control of the capital of Kabul on Sunday, ending the US attempt to prop up the regime.

    While there are no scenes of helicopters leaving civilians to slaughter at the hands of the conquering army, the expedited retreat brings back painful memories of a failed military strategy that cost US lives for no apparent reason. Four American presidents oversaw the two-decade campaign but Biden will get the blame for the finish.

    SEE WHAT HAPPENS NEXT IN POST-WAR AFGHANISTAN

  • Trade deal enforcement a focal point of new policy measures

    The Biden administration has placed a priority on signing new trade agreements, but a quicker fix could be a simple matter of enforcing the ones that are already in place. When it comes to holding up their ends of the bargain, US trade partners are notoriously unreliable.

    Even the recently signed US-Mexico-Canada pact sees our neighbors to the north and south in violation of some provisions, and America's European and Asian trade partners routinely take the US to the cleaners by avoiding, stalling or just flat-out refusing to stick to aspects of the deals. U.S. Trade Ambassador Katherine Tai calls it a threat to free trade and vowed to "impart the values and rules that guide global commerce . . . [and] enforce those terms vigorously."

    FIND OUT WHICH COUNTRIES ARE BREAKING THEIR DEALS

  • How to prepare for a market crash ... even if there isn't one

    The volatility of economic recovery from the COVID pandemic has some doomsday analysts predicting a stock market crash, but those claims are  both unfounded and unknowable. The truth is crashes are the result of major market changes investors don't see coming.

    While true market crashes like the ones of 1929, 1987 and 2008 were both inevitable yet unforeseeable, the current conditions show no reason for serious panic. Still, it's always a good idea to have a plan in place to safeguard your portfolio, and we've got three simple tips that could pay off handsomely if and when a crash occurs.

    FIND OUT HOW TO CRASH-PROOF YOUR INVESTMENTS

Markets
DJIA 35,515.38 0.04%
S&P 500 4,468.00 0.16%
Nasdaq Composite 14,822.90 0.04%
Japan: Nikkei 225 27,559.50 -1.49%
UK: FTSE 100 7,218.71 0.35%
Crude Oil Futures 67.49 -1.39%
Gold Futures 1,783.60 0.30%
Yen 109.46 -0.14%
Euro 1.18 0.03%
* As of market close

COVID throws back-to-school plans a curve

Back-to-school bells are ringing across the country today, and so are the alarm bells concerning COVID-19 and the Delta variant that is more severe for children. The health issue has morphed into a political debate as pandemic measures clash with government policies and educators.

The timing of the surge in COVID cases among minors comes as schools and colleges try to reopen for the fall semester. Mask and vaccination mandates have been banned by some state and local governments while the numbers of new cases continue to surge at an alarming rate.

SEE THE BEST WAYS TO PROTECT YOUR STUDENT AT SCHOOL


Biden bills energy plan as saving planet, lives

They say you can't put a price tag on human life, but President Joe Biden's energy plan claims to save both the planet and the people who live on it to the tune of $1.43 trillion. That's savings, not cost.

That sunny forecast is according to his administration's "80 by 30" plan which aims to convert the US to 80% renewable energy by 2030 by implementing at Clean Energy Standard. The projections say the measure would save more than 300,000 American lives over the next 30 years due to clean air, water and other environmental factors.

GOP opponents are understandably skeptical. It's a fight that's sure to fuel more debate in the wake of his pricey, climate-friendly infrastructure bill.

SEE HOW THE '80 BY 30' CES PLAN WOULD IMPACT AMERICANS


Musk ready to join billionaire astronaut club

Tesla CEO Elon Musk lost out on the billionaire race to space. In fact, he can finish no better than third. However, his SpaceX Starship could be on course to collect his astronaut bronze medal before the end of summer.

After watching multi-billionaire rivals Richard Branson and Jeff Bezos beat him to the edge of space last month, Musk is applying pressure to federal regulators for the green light to launch the Starship prototype SN15. Once he gets the go, Musk's mission would be the first orbital stack space flight.

FIND OUT WHAT'S THE HOLD UP WITH SPACEX'S ORBITAL STACK


First ladies in space

Most folks know Sally Ride was the first American woman in space, but who was the first female to leave the planet and what was her nationality?

Friday’s answer: Mike Tyson converted to Islam in prison and took the name Malik Abdul Aziz (or Malik Shabazz, according to some reports). He went by his given name after his release; Iron Malik didn't have the same ring to it.

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