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  Many of us ordinary Boomer stock market investors are stunned: Our nest eggs are ballooning in value, despite all the despites. And, those highs are being reached without tech, such as chip stocks , and the usuals such as financial firms. CNBC reports: "The flashiest group in the market took a step back Thursday as chip stocks dropped 1.5%, but U.S. stock market bulls didn’t miss a beat." The positive action essentially was in healthcare, ranging from healthcare insurers to drugmakers. Some, such on the comment sections of articles, are putting the knock on us Boomers for our preoccupation with the investment quality of the businesses - much more so than their core values. But, the reality is brutal. Many of us can't make it on Social Security. Being able to pull prudently from our nest eggs can prevent homelessness. The Social Security income picture could darken in several years if the monthly payment is cut by 25%. Those Boomers who didn't invest? The sense of d...

  In great seeming earnestness Anthropic's Marina Favaro and Jack Clark warn of the potential danger in the rapid development of AI. That's especially since it apparently can continue moving ahead on its own, that is without humans participating in the process. So, it's proposing global cooperation to orchestrate a pausing. The Wall Street Journal  explicitly says:  "Anthropic is calling for top artificial intelligence labs to weigh slowing the pace of development, suggesting that AI systems are advancing so rapidly that they may soon be able to improve themselves without human intervention in ways that could pose significant societal risks." But, smirk, let's look at this kind of plea on behalf of the public good. As with a similar caution about its powerhouse Mythos, this could be suspected of being a marketing tactic. Sure, scare people and then reassure them you will do the right by them. So, stick doing business with us, not our competitors which might no...

  Dow Jones Industrial Average Index Index: DJI Compare 51,610.47 USD ▲ +923.40 (+1.82%) today

  That safe elite model of how a law firm should look, walk, talk and bill is fragmenting. To remain competitive law firms of all sizes, even the 300+ lawyer one, have to customize a provocative identity showcasing how it's leveraging generative AI.  That's what we have confirmed for us since Kirkland & Ellis  announced it " ... and Palantir Technologies Inc. (NASDAQ: PLTR) ... announced the launch of a proprietary enterprise platform designed to transform private equity fundraising."  Among smaller players Vorys in Ohio has developed "AI Twins" for almost 20 partners. Those platforms simulate partners' patterns of strategy, stylistics and more. Associates accessing them reduce the back-and-forth with those partners. The next on this, I posit, is that such platforms would be open for subscriptions and licensing. Yes, the law firm develops a new kind of profit center. Bloomberg Law's Roy Strom  provides plenty of details on how generative AI is p...

  The majority in BoomerVille exist in a sustained sense of dread. Typically, we hold our breath about money, health and if the children can hang onto their jobs. However, some days are actually ones in which we not only can exhale but feel satisfied that we made some smart decisions. For example, those of us who had let go of our lives in HCOL areas such as Metro New York and embraced a fresh start in LCOL locations like Toledo, Ohio have been experiencing Tender Mercies. My apartment complex is among those in pockets of civilization which aren 't  raising the rent at lease renewal time.  At least not this year. On the table now for me is the possibility of a week at Geneva on the Lake. A snippet of pleasure.  That's become affordable for my new budget, even with crazy gas prices. Another smart decision I made was talking turkey with the car insurer. Was I carrying too much coverage? Now my monthly nut is $60 less. That will go down even more at the end of August w...

Principles, institutional and individual, have ballooned into a big issue. A very sticky one.  Paul, Weiss' decision to cut a deal with the Trump administration to lift an Executive Office in March 2025 rocked the legal sector. It continues to throw shade on the reputation of that law firm. The leader who symbolizes it - Brad Karp - hasn't been able to defend it effectively. That's despite his being a skilled defense lawyer.  And now we have this further development. It's rocking media. And at a time when media itself is being judged harshly. Or simply being blown off as irrelevant.  At CBS, Scott Pelley decided to stand up for what he determined was the editorial integrity of "60 Minutes." No newbie in corporate he had to know he risked being fired for cause. And that he was.  The more than 1,300 comments to The Wall Street Journal coverage of that drama indicate a broad range of opinion about the stance which Pelley took. Of course, out there, to some Pelley...