My weekend morning
the train WFH reads:
• You are going back to the office. you don’t have a boss Bosses are ordering people to return to the office from their own rooms. (Vox)
• Human workers are winning the war with robots: As central bankers around the world scramble to cool labor markets and rein in inflation — with many policymakers expecting this week’s employment report to show a slowdown in demand for new workers — a few economic and technological truths have become clear. (New York Times) see more Meet the app that helps gig workers know how much they really earn: An ex-Uber employee created an app to help drivers. The platforms that hire them are struggling. (New York Times)
• The post-Covid great online shopping bet was a costly illusion: Amazon, Wayfair and other big e-commerce companies are betting that the pandemic will permanently change shopping behavior. They were wrong. (Business Week)
• What happens when you add a hurricane crisis to an insurance crisis? Florida’s property insurance market is deeply fractured and the timing couldn’t be worse. Average premiums are three times the national average, and rates are increasing 30 to 50 percent a year. Allstate and State Farm have limited their exposure there, and smaller companies are foundering: six insurers have already filed for bankruptcy this year, and two dozen more are at risk of credit downgrades. Only in Florida, people. (slate)
• How does the lottery work, and is it playable? Here are the odds of winning the lottery and why we do it. (US News)
• Costco Rotisserie Chicken Economy: Costco’s popular chicken has held steady at $4.99 for more than a decade — even in the face of rampant inflation. But it came at a cost. (hostel)
• Have you exercised lately to lose body fat? Everyone has fat cells. But the more you exercise, the more likely you are to have healthy, smaller fat cells. (Washington Post)
• How Chinese Citizens Use Puns to Get Past Internet Censors: Chinese social media companies and users are locked in a never-ending battle between freedom of speech and censorship. (rest of the world)
• Ha ha ha ha: What your watch brand says about you: Casey: In school, your glasses were held together with scotch tape, and the mechanical pencil was always jammed in your shirt-front pocket, but your trusty calculator watch never failed. You are shocked that others are ironically copying your look. MB&F: You are an angel investor in various internet start-ups. You believe in “thinking differently” and “changing the world”. After wading through various Pateks, Langes and Journas befitting your station, you now find every other watch brand ridiculously boring. You simultaneously wear an Apple Watch on your other wrist. (Reddit)
• Too many songs, not enough hits: Pop music struggles to create new stars Execs say the deluge of new music — and difficulty influencing TikTok’s algorithm — has made it difficult for new acts to build an audience. (billboard)
Be sure to check out our Masters in Business this week with Tom Rampulla, Managing Director of Vanguard’s Financial Advisory Services division since 2002. He manages businesses that provide investment, services, education and research to more than 1,000 financial advisory firms. $3 trillion in assets.
Historically, October has brought the highest average daily dispersion in US equities, just ahead of January’s average
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