10 Friday AM Read – The Big Picture

My weekend morning the train WFH reads:

Hope you enjoyed the Summer Gathering: Easy Money is already done (probably). (Business Week)

Powell has an opportunity to reset market expectations in Jackson Hole: Fed chair to speak amid high inflation, investor optimism ECB, BoE officials also attend annual Fed conference. (Bloomberg) see more NY Fed v. Larry Summers: Some pundits were right on high inflation but for the wrong reasons. (Financial Times)

A neglected indicator shows that the US economy actually grew in the first half of 2022: Gross domestic income (GDI) shows the economy expanded in the first half of the year. Earnings for all goods and services produced rose 1.4% in Q2 after rising 1.8% in the first quarter. (Quartz)

From Meta to Twitter, what everyone gets wrong about ESG – and why it matters: Every investor holding a diversified portfolio is threatened by destructive corporate behavior (Institutional Investor)

Missing parts, long waits, and a dead mouse: the perils of a Tesla stall: Tesla wants to eliminate the need for service. Recodes of customer complaints received by the FTC suggest that this is not yet happening. (Vox)

Eating the Rainforest: How Americans’ Love for Beef is Helping to Destroy the Amazon Rainforest: Cattle ranching, responsible for much of the deforestation in the Amazon, is pushing the forest to an edge that scientists warn could lead to a massive and irreversible dieback that claims much of the biome. Despite efforts at reform, despite the resources of Brazil’s federal government and powerful beef companies, despite agreement that change is necessary to avoid disaster, destruction continues. (Washington Post)

Underrated therapy for anxiety and stress: water It gives our brains a break from the intense, focused attention that so much of everyday life requires. (Wall Street Journal)

Blame Russia for war crimes in Ukraine: Reporting from Ukraine, a veteran war correspondent chronicles a campaign to gather evidence of Russian atrocities that could stand up in court against Putin, his commanders and their soldiers (Vanity Fair)

Kickstarted the birth of our solar system? Ancient meteorites provide clues to the events that led to the birth of our solar system. (Syfy Wire)

Hollywood’s mad genius mixes a nearly-perfect potion in the new film George Miller’s latest movie, Three Thousand Years of Longing, stars Idris Elba as a genie and Tilda Swinton as an uptight academic. (Bloomberg) see more creeper (YouTube)

Be sure to check out our Masters in Business next week with Eric Balchunas, senior ETF analyst at Bloomberg, where he’s co-creator of the Bloomberg Podcast Trillions and co-host of Bloomberg TV’s ETF IQ. He has written several books, most recently “The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions

The remote work revolution is already reshaping America

Source: The Washington Post

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