We said last week there was a consensus on term limits. Not so…
“It’s not about term limits, it’s about limiting the influence of lobbyists. So how do you do that? Replace the current federal campaign finance system with publicly-financed campaigns as they do in Arizona and Maine.
“When politicos don’t need money to run for re-election. They will make decisions that are best for Americans, not corporate lobbyists.”
And this reader’s novel approach:
“I would like to see U.S. senators and congressmen removed from the federal budget and paid by their states.
“States fundamentally lose control over their representative when they leave for Washington. As the workforce becomes more virtual, migration to D.C. becomes less important.
“Second point, if you work for the government, you should recuse yourself from voting in elections. In other words, you work for the county, you can’t vote in county elections. You work for the state, you can’t vote in state elections.
“That way the perpetual one-party grip — especially on state politics — would be minimized.”
Not sure limiting someone’s right to vote is strictly constitutional.
Also, do you think the folks in Congress would operate differently if they were beholden to the states they represent for their daily bread?
Last, how might the government better regulate lobbyists?
Your Rundown for Tuesday, Oct. 1, 2019:
Upscale athleisure brand Lululemon Athletica (NASDAQ:LULU) is up over 56% year-to-date. That’s particularly buoyant considering the U.S. economy’s growing at a rate of 2%.
What’s made the Canada-based company so successful? (To riff on Lululemon’s success, the company’s grown 200% in 3 years — that’s an average of 64% per year.)
At core, the company maintains its direct-to-consumer model; yes, there are Lululemon stores but they’re few and far between. How this works to the company’s advantage: you can only purchase the brand through its stores and on its website.
It doesn’t flood the market with products that sit on store shelves. This keeps costs down and quality-control up.
Another thing Lululemon has going for it is the company seems to have a pulse on what consumers want. As a result, the company rolls out new products only occasionally but very strategically.
Last, the company’s management is top-notch and, speaking of strategic, execs have focused on building brand awareness slowly, without sacrificing quality.
While the consensus rating on LULU this year is a “B” — because of trade war tariff concerns, mainly — we believe this is a stock to add to your portfolio and hold.
Market Rundown for Tues. October 1, 2019
S&P 500 futures are down 9 points to 2,967.
Oil is up 17 cents to $54.23 for a barrel of West Texas crude.
Gold’s added $6 to its price of $1,478.90 per ounce.
Bitcoin is up $53.09 to $8,369.02.
Have a good day. We’ll talk more tomorrow.
For the Rundown,