My weekend morning
the train WFH reads:
• Coming soon to Netflix: A new Netflix. Netflix has changed the entertainment industry forever. Can the company change itself now that it finally faces some real streaming competition? (Business Week)
• Bullard has become Wall Street’s go-to guy for hints at a Fed pivot The St. Louis Fed boss, now a leading hawk, wasn’t always one. In interviews he referred to the Volcker effect, the bike-inflation shock. (Bloomberg) see more Why I fear the feds may be overdoing it: The question is, how much is the financial tight sequence? The Fed made the mistake of waiting for inflation to show up before starting to tighten. Waiting for inflation to return to target before ending the tightening cycle would be a similar mistake. (Greg Mankiw)
• How Ticketmaster got away with it: Yes, the face value of this ticket has gone up a lot. But an even bigger problem is the “fee” which can be “up to 75% of the ticket price”. Worse, consumers are increasingly forced to buy tickets on the secondary market, where prices and fees are even higher. These problems can be traced back to one company: Live Nation Entertainment. (Popular Information)
• Fox News CEO’s strategy at center of $1.6 billion lawsuit: Suzanne Scott rebuilt Fox News Media into a profitable consumer brand. But the defamation lawsuit against the company is a test of its strategy and leadership. (New York Times)
• Apartment builders didn’t get the housing slump memo: Multifamily units account for the majority of a record number of homes under construction and are showing few signs of slowing. (Bloomberg) see more Where architects go to test their worst ideas: An island shaped like a dolphin. An oil rig repurposed for bungee jumping. Architects brought the ‘bunker’ concept to Saudi Arabia. (Wall Street Journal)
• What we lost by playing the lottery: The games are a gift to the companies that the states hire to manage them But what about the rest of us? (The New Yorker)
• She created 1,750 Wikipedia bios for women scientists who didn’t get their due Physicist Jess Wade says, ‘Not only do we not have enough women in science, but we’re not doing enough to celebrate the ones we have.’ (Washington Post)
• The conservative stalwart is challenging far-right legal theories that could destroy American democracy: J. Michael Luttig is opposing Republican groups in one of the most important cases the Supreme Court is considering this term. (The New Yorker)
• When a country’s cuisine becomes a cultural export: South Korea strives to protect and preserve its national cuisine — while sharing its wonders with the world (New York Times)
• Midnights: What We Know About Taylor Swift’s Songwriting: Over the course of 16 years and nine albums, she’s switched genres from country to pop to alternative On Friday, he will release his latest record, Midnights, “the story of 13 sleepless nights scattered throughout my life… a journey through fears and sweet dreams, the floors we walk on and the monsters we face.” (BBC)
Be sure to check out our Masters in Business interview with Marta Norton, Chief Investment Officer of Morningstar Investment Management, this weekend. The firm directly manages or advises $249.4B in client funds. He began his career as a BLS economist, and prior to his current role, he was head of US outcomes-based strategies for Morningstar.
More beer is finished in October than any other month
Source: Trader’s Almanac
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