My weekend morning
the train WFH reads:
• The stock market can be an emotional roller coaster. It shouldn’t. There’s how you think about investment risk—and then there’s how you feel about it. (Vox)
• Gen Z knows what it wants from employers And employers want them. To tap the creativity of younger workers, and address labor shortages, companies are offering four-day weeks, club memberships and work-from-anywhere flexibility. (New York Times) see more You are back at the office. Even your annoying co-workers. Employees are reinventing pet peeves that work inches apart from each other (Wall Street Journal)
• Listerine makes billions off royalties A little-known provision in the 100-year-old treaty opened the door for private investors to raise money from mouthwash sales. (hostel)
• The Bank of England offers a lesson in honest central banking: The analytical directness and intellectual integrity of monetary policy makers is inspiring. (Bloomberg)
• Blame history for making recession calls so difficult: The National Bureau of Economic Research has been keeping recession dates since 1929 — even before that there were things like gross domestic product (Bloomberg). see more Does this look like recession to you? Things are very strange now. Conflict abounds. All the confusion resulted from shutting down and restarting the economy. 2020 threw a wrench into everything. everything (irrelevant investor)
• The US invented a breakthrough battery – then gave the technology to China Energy Department officials declined NPR’s request for an interview to explain how the technology, costing U.S. taxpayers millions of dollars, ended up in China. After NPR sent written questions to department officials outlining the timeline of events, the federal agency revoked the license of the Chinese company, Dalian Rongke Power Co. Ltd. (NPR).
• Create a conspiracy theory: On the Fabrication of Well-Poisoned Accusations in Medieval Europe. (Lapham’s Quarterly)
• Life helps make about half of all minerals on Earth: A new provenance-based system for classifying minerals reveals the vast geochemical imprint left by life on Earth. It can also help us identify other worlds with our lives. (Quanta Magazine)
• Londongrad is falling: Inside London’s struggle to rid itself of Russian billions; Some say the uproar over the ban unfairly targets elite UK citizens. Others are skeptical that an oligarchic diet can last. (Vanity Fair)
• Playing Carnegie Hall: On the Mystery of Science, or Art, or Acoustics. Is Carnegie Hall’s acoustics an accident? Examples of cruelty? Or are they by design? The result of science? I know nothing about the subject – but I’m leaning towards naivety. Otherwise, why can’t other people, other halls just follow suit? (New Standard)
Be sure to check out our Masters in Business interview this weekend with Anat Adamati, professor of finance and economics at the Stanford University Graduate School of Business. He is director of the Corporation and Society Initiative and a senior fellow at the Stanford Institute for Economic Policy Research, was named by Time magazine as one of the 100 most influential people in the world, and co-authored Bankers’ new clothes: What’s wrong with banking and what to do about it.
Despite negative GDP growth, the U.S. is unlikely to fall into recession as early as 2022
Source: Federal Reserve Bank of Dallas
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