9/4/20 Power Five

1. Job Growth Slackens – Some good news…employers added 1.4 million jobs in August, bringing the unemployment rate down to 8.4%. The bad news is, the U.S. economy is still down 11.5 million jobs since February.

2. Breonna Taylor’s Life Was Changing. Then the Police Came to her Door. – “Graduating this year on time is so important to me because I will be the first in my family to accomplish this,” she wrote in her scrapbook during her senior year, next to a photo of herself in a cap and gown. “I want to be the one who finally breaks the cycle of my family’s educational history. I want to be the one to finally make a difference.”

3. The Professor, the Student, and the Index Fund – John Bogle’s account of creating the first index fund … The Vanguard 500 Index Fund only raised $11.3 million at IPO, a 93% shortfall. Without Wall Street’s approval, Vanguard kept pushing. Today, the fund hold $2 trillion in assets, 1/4 of all equity fund assets.

4. Is Contact Tracing Working Here? – In Maryland, 25 percent of those called by contact tracers don’t pick up. At one point in Miami, contact tracers were able to reach only 17 percent of the infected. In Houston, New Jersey, and California’s Inland Empire, half of the people reached by contact tracers won’t cooperate. In Philadelphia, a third of COVID-19 patients claimed they had no contacts.

…”Besides Openshaw, many others got up in arms about H.R. 6666, the contact-tracing bill. Some worried that its bill number was too close to the sign of Satan. “United States Citizens, contact your neighbor, your relatives, and your friends, and warn them that contact tracing is a ploy for the worst crime against humanity: democide and population control,” a man named Demetrios Alexandros wrote on Facebook, using a term for the murder of people by the government. Someone started a petition on whitehouse.gov soon after the bill was introduced, saying it was reminiscent of life in “NAZI Germany.”

… “Examples of this distrust abound. A video with more than 325,000 views on YouTube recommends that people avoid contact tracers because they are tied to the Clinton Foundation and Bill Gates. In eastern Washington, angry locals threatened a contact tracer’s life. Some contact tracers have reported that people think they are identity thieves. (It doesn’t help that some actual scammers are posing as contact tracers.)”

5. Watch Olympian Katie Ledecky Swim with Glass of Milk on Her Head – What are the chances that the Olympics actually happen next year and as an athlete, how do you stay in shape and motivated without knowing if you’ll really get your chance?