Nearly half of Americans are Going Online for Political News

Latest Pew Internet Life Study:

Nearly half of Americans online have used the web to get information about the upcoming US presidential election.
That is double the number who used the net during the 2000 campaign according to research group, the Pew Internet and American Life Project.
Americans are increasingly going online for political news and commentary, its report found.
It suggests that the web is playing a positive role in democratic debate on a wide range of issues.

Hardly a surprise. The internet provides vastly deeper and more accessible information than traditional tv, radio and print media types. I’ve posted some candidate information here. Visit Wisconsinvote.org for additional data.

Senate Stock Trading – or Why they outperform the rest of us…

Jane J. Kim:

A study suggests that U.S. senators possess stock-picking skills that even the most seasoned money manager would envy. During the boom years of the 1990s, senators’ stock picks beat the market by 12 percentage points a year on average, according to the study. Corporate insiders, meanwhile, beat the market by about six percentage points a year, while U.S. households underperformed the market by 1.4 percentage points a year on average, according to separate studies. The final details of the study will be published in the December issue of the Journal of Financial and Quantitative Analysis.
The study’s authors, relying on financial-disclosure forms from 1993 to 1998, looked at about 6,000 common-stock transactions of about a third of the senators each year. The researchers then mimicked the senators’ transactions, buying the stocks the senators bought and selling the shares they sold. Over a six-year period, that “superportfolio” essentially beat the market by about one percentage point a month, or 12 percentage points a year.
…….
Looking at the timing of cumulative returns, the senators also appeared to know exactly when to buy or sell their holdings. Senators would buy stocks just before the shares suddenly would outperform the market by more than 25%. Conversely, senators would sell stocks that had been beating the market by about 25% for the past year just when the shares would fall back in line with the market’s performance.

I mentioned this issue in March. Via Bainbridge.

$3500 Designer Cats

Allerca lifestyle pets announces he world’s first hypoallergenic cats:

… we expect the birth of these first special kittens in early 2007.
The cat allergen is a potent protein secreted by the cat?s skin and salivary glands. Removal of the allergen will not harm the cats in any way. The resulting hypoallergenic cats will improve the health and quality of life for millions of cat-allergy sufferers.

Investing: A chat with Vanguard’s Gus Sauter

Kathleen Pender:

Q: What is your favorite part of the stock market today?
Sauter: I think you should have some international investments. I think we are going to see foreign economies start to pick up. International funds have risks that U.S. investments don’t have. I wouldn’t throw caution to the wind. I would use them as a diversifier. I would include emerging markets.
Q: If you could buy only one fund, what would it be?
Sauter: Vanguard Total Stock Market Index.
For first-time investors who want one complete investment, we’ve got our Balanced Index fund, which is 60 percent Total Stock Market Index and 40 percent Total Bond Market Index.