Monthly Archives: August 2018

Is Protectionism the New Normal?

The age of globalization began in the 1940s with the global post-war recovery; the Bretton Woods Treaty, the creation of the International Monetary Fund, the World Bank, and the General Agreement on Tariffs and Trade collectively provided enough stability to make widespread global trade possible. Decades of globalization have brought not only an increase in international trade, but an increasingly connected world, with goods, people, and information crossing borders, as well as the birth of multinational corporations. But the 2008 crisis may have signaled a turning point, after which the globalization train seemed to curve toward protectionism. Brexit, the election of Trump, and the current trade wars evidence an escalation of this shift. Does this mean that the age of globalization is over, or are we just veering temporarily into protectionist territory? Read more »

The Oregon 529 Plan Manager Change: What does it mean for you?

Savers with Oregon 529 plans may have recently received a postcard with information about a new plan manager, Sumday Administration LLC. The 529 plan manager is a financial services firm that handles all of the transactions and investments within the plan. Oregon 529 Plan account holders won’t see any major changes as a result of the switch, but there are a few key dates to keep in mind: Read more »

The Queen of Soul Had No Last Will: What will that mean for Aretha’s estate and what could it mean for yours?

Aretha Franklin, the “Queen of Soul” who collected 18 Grammy Awards and sang at concerts for three presidents (Carter, Clinton, and Obama), recently died at the age of 76. Ms. Franklin was twice divorced and is survived by four sons. These sons were named as interested parties in a filing with the probate court in Oakland County, Michigan in mid-August. The court filing indicated that Ms. Franklin, like many Americans, died intestate — without a Last Will. Read more »

Investing in What We Need: Food/Agriculture

Food is as critical to human survival as water, and sustaining an expanding population will require exponentially more efficient food production and sourcing. The United Nations estimates that the current global population of 7.3 billion people will grow to 9.7 billion by 2050. Life expectancy has also increased significantly among poorer countries and is expected to continue trending upward. What all of this means, of course, is that we have a growing number of mouths to feed. It’s estimated that agricultural productivity will need to rise by at least 60% to meet the needs of the global population by 2050.1 Production in developing countries, where population growth will be highest, will need to nearly double.2 Read more »

Alicia Johnston Featured in The Portland Business Journal as 2018 HR Leadership Award Winner

Alicia Johnston was honored at this year’s Portland Business Journal HR Summit and Healthiest Employers of Oregon event as the 2018 HR Leadership Award winner (small company category), and reporter John Chandler interviewed her for the accompanying special publication. Alicia tells the secret to being a great HR director: “Lead with your heart. After all, if you’re not leading with your heart, you shouldn’t be in HR.” Read more »

Arnerich Massena Sponsors The Shooting Star Foundation and Helps Raise Over $60,000 for Children with Special Needs

Arnerich Massena was the lead sponsor of the 2nd Annual Shooting Star Foundation Event in Minneapolis. Featuring live entertainment, craft beer, and barbecue at Minneapolis’s Able Brewery, with approximately 175 attendees, the event helped raise funds to provide early-interventional therapy for children with special needs. Read more »

Investing in What We Need: Life Sciences

“It is health that is real wealth and not pieces of gold and silver.” – Gandhi

Humans are encountering a dichotomous situation in which we face both increasing threats to our wellbeing and rapidly emerging opportunities for improving it. Above and beyond the environmental threats mentioned in our unintended consequences blog post, we face additional threats to health through: Read more »

Arnerich Massena Sponsors the Clackamas Community College Foundation 25th Annual Corporate Challenge and ParTee on the Green

For 25 years, the Clackamas Community College Foundation has been celebrating the college’s students and instructors with an annual tournament and auction. Arnerich Massena is a proud sponsor of this year’s anniversary Corporate Challenge and ParTee on the Green, which will be held on August 20, 2018. It promises to be an exciting day with a tournament, on-site Nike store, and silent auction. All proceeds go to tuition scholarships, program support, emergency childcare grants, transportation, and text book grants, all to help students stay in college and attain their educational goals. Read more »

Major Indexes Add a New Sector to Combat Concentration: Communication Services Coming to the S&P 500

There’s no doubt that Technology stocks have dominated the U.S. large cap equity space. In past posts, we’ve discussed the concentration of the giant FAANG stocks and the fact that large cap equity indexes like the S&P 500 are heavily tilted toward the Technology sector, with tech making up 26% of the S&P 500.1 The industry has recognized the too-heavy tech weighting, and we are about to see a significant change to the sector structure. S&P Dow Jones and MSCI Indexes will be adding a new sector – Communications Services – and moving some of the tech giants, including Alphabet (Google’s parent company), Facebook, and Netflix, into this new sector. The Communications Services sector will replace its previously named counterpart, Telecommunications Services. Read more »