Stock buybacks have only been legal since 1982. Look beyond the messenger and realize there’s maybe some good reasons to restrict buybacks.

Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies …

READ MORE

BLAME THE MESSENGER

A large, longitudinal, randomized, controlled study recently found that Tennessee’s pre-kindergarten program for low-income children had modestly NEGATIVE effects on academic achievement once the children were in the third grade. The program participants also had more disciplinary problems than non-participants, most …

READ MORE