My weekend morning
the train WFH reads:
• Work from home is loved worldwide, even if Wall Street hates it: New research paper highlights global appeal of remote work Workers to take 5% pay cut to have day-at-home option (Bloomberg)
• What is alpha? Nowadays, the interpretation of statistics is taken more figuratively than literally. (Sunset)
• Pandemic, recession, roaring twenties… repeat? We’ve all heard and studied how terrible the Crash of 1929 and the subsequent Great Depression were for the American economy, but few know about the other economic depression of the 1920s: the “forgotten depression” of 1920-1921. Although technically a depression, the economic depression of the 1920s certainly felt like a depression. (investor amnesia)
• Disaster Counselor: Meet the climate change brokers, the private contractors who bankroll their FEMA paperwork to help ravaged towns and cities. (edge)
• Some Amazon Prime customers say they no longer have two-day shipping: A former Amazon employee found that, in large areas of Washington state, Prime delivery can take four to five business days. (Vox)
• How Japan Won Its ‘Traffic War’ In the early 1970s, Japan endured a high rate of road accidents. Now the country boasts of one of the best traffic safety records in the world. Here’s why. (CityLab)
• Ukraine is waging a new kind of war: The fight to recapture the city of Kherson works with the strength of the Ukrainians, not the Russians.’ (Atlantic) see more ‘We’ve already lost’: Far-right Russian bloggers decry military failure: Pro-war bloggers offer rare insight into Russia’s performance on the ground with frontline contacts (The Guardian)
• Trump should infuriate Christians. How does he come? Put another way: the people were motivated by a militant, populist uprising to reclaim the Holy Land for God. This was the situation entered by Jesus in 28 AD (Washington Post).
• When Weird Al Yankovic meets Daniel Radcliffe, things get … well, you know.: For their decidedly surreal rock biopic, the pop-music parodist and the “Harry Potter” star find themselves on the same wavelength. (New York Times)
• Serena Williams – barely persuasive data analysis that explains her talent: After 23 Grand-Slam titles, more than a thousand matches and numerous GOAT controversies, Serena Williams’ professional tennis career is over. (athletic)
Be sure to check out our Masters in Business next week with Kristen Bitterly Michel, Head of North America Investments at Citi Global Wealth. She has been on various “Most Powerful Women in Economics” lists, including American Banker, Crain’s Rising Stars in Banking and Finance 2020. Citi Global Wealth manages more than $800 billion in client assets, and North America accounts for nearly half of that business.
Macro Insights: The Growing Power of Passives
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