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Is the Partisan Divide in Washington Actually Getting Worse?
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The so-called divisor, or in this case multiplier, is the figure used to determine the influence of any of the 30 components that make up the benchmark.

The Dow isn’t exactly an average of its components, as its name might imply; instead, the value of the Dow is determined by calculating the sum of the share price of its members using a divisor. Presently, that divisor stands at 0.145233969 . That means any $1 move in any one of the Dow’s components equates to a 6.89-point swing in the average. The divisor will be changed just before the Dow’s opening on June 26.


Here’s when some past divisor changes have occurred:

Sept. 1, 2017: 0.145233969

According to WSJ Market Data Group, Walgreens’ shares would rank them as the seventh-least-influential within in the Dow, based on closing levels as of June 19 (see table below).

Moreover, the consumer-staples names have exacted a 227-point year-to-date toll on the Dow, after adding some 287 points to blue chips in 2018 (see table below).

Consumer staples have mostly underperformed this year because that sector has struggled to pass on rising costs to customers and are contending with the rise of Inc . AMZN, -1.16% which has made exerting pricing power on companies that make household goods challenging. Inc

Consumer staples, as measured by the exchange-traded Consumer Staples Select Sector SPDR ETF XLP, +0.23% are down 10.3% so far this year and off about 9.2% over the past 12 months, according to FactSet data.

Still, the performance of Walgreens, particularly as funds that track the Dow are compelled to buy shares of the company to reflect the coming change, may outstrip that of Novica Natural flower dangle earrings Blue Flowery Hearts 21C7i
. That said, the Wall Street Journal citing the SP Dow Jones Indices, indicates that about $29.5 billion of mutual and exchange-traded funds track the Dow, compared with the $9.9 trillion in funds linked to the SP 500 index SPX, -0.49% through the end of 2017.

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The Song That Never Ends: Why Earth, Wind Fire's 'September' Sustains


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If you've ever been to a wedding reception in the U.S., you know there's one question that can get a whole family on the dance floor: "Do you remember the 21st night of September?"

Earth, Wind Fire 's "September" even shows up at fictional weddings, as in the opening of the 1997 movie Soul Food . It's made its way into TV shows, commercials, sporting events and video games. HBO named a movie after the song. In 2008, it played at both the Republican and Democratic national conventions.

The story of the song begins in 1978. AlleeWillis was a struggling songwriter in LA — until the night she got a call from Maurice White, the leader of Earth, Wind Fire. White offered her the chance of a lifetime: to co-write the band's next album.Willis arrived at the studio the next day hoping it wasn't some kind of cosmic joke.

"As I open the door, they had just written the intro to 'September.' And I just thought, 'Dear God, let this be what they want me to write!' Cause it was obviously the happiest-sounding song in the world," Willis says.

Using a progression composed by Earth, Wind Fire guitarist Al McKay, White and Willis wrote the song over the course of a month, conjuring images of clear skies and dancing under the stars. Willis says she likes songs that tell stories, and that at a certain point, she feared the lyrics to "September" were starting to sound simplistic. One nonsense phrase bugged her in particular.

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'We Bounced Everything': Mannie Fresh Remixes Your Favorite Songs

"The, kind of, go-to phrase that Maurice used in every song he wrote was 'ba-dee-ya,' " she says. "So right from the beginning he was singing, 'Ba-dee-ya, say, do you remember / Ba-dee-ya, dancing in September.' And I said, 'We are going to change 'ba-dee-ya' to real words, right ?' "

Wrong. Willis says that at the final vocal session she got desperate and begged White to rewrite the part.

"And finally, when it was so obvious that he was not going to do it, I just said, 'What the f- - - does 'ba-dee-ya' mean?' And he essentially said, 'Who the f- - - cares?'" she says. "I learned my greatest lesson ever in songwriting from him, which was never let the lyric get in the way of the groove."

I asked Jeffrey Peretz, a professor of music theory at New York University's Clive Davis Institute, what makes that groove so powerful. He says a lot of it has to do with how the music unfolds. The song's very structure is an endless cycle that keeps us dancing and wanting more.

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