The morning of my return to work
the train WFH reads:
• How should a business brother dress? Trading the home office hoodie for hard pants, we take a snapshot of the finance bros in their native habitat. (New York Times)
• Why is inflation not decreasing? US consumers could not be more prepared for higher inflation (and a potential recession) than they are coming into this period of high prices. Nobody likes inflation but we love spending money in this country. So most of the people just decided to complain but still spend through the agony of high price. (Common Knowledge Resources) see more The Fed is set to raise rates by 0.75 points and the size of future hikes is debated: Some officials signal greater discomfort with big rate hikes to fight inflation (Wall Street Journal)
• No longer tied to the office, workers are still tied to the clock: While the pandemic has shifted where work is done, we’re still following Henry Ford’s advice on when to do it. (Bloomberg)
• The future of big oil is surprisingly bright. As for BP and Exxon: they have a surprisingly green future. (Baron’s)
• How Steve Jobs ran away from Carly Fiorina: Former HP CEO bragged about his friendship with Apple’s leader — but he took him to the cleaners with an iPod (medium)
• Please stop calling it the ‘newsletter economy’: or God’s economy, for that matter (on substack).
• The ignominious end of trasonomics: The British government’s dramatic U-turn shows how policy mistakes can be swiftly punished at a time of global economic uncertainty. (The New Yorker)
• Desperate pleas and smuggling pills: A clandestine abortion network grows after Roe: Amid legal and medical risks, a growing force of activists is shipping pills from Mexico to states that have banned abortions. (Washington Post)
• Ron DeSantis profile: Florida governor with White House buzz: This willingness to work with rivals — as well as his serious demeanor and bearing — has prompted some journalists and Republican observers to refer to Mr. DeSantis as “Trump with substance” or “Trump 2.0.” (BBC)
• A posthumous memoir reveals Paul Newman in his own words: Compiled from interviews he gave to a close friend, “The Extraordinary Life of an Ordinary Man” delves into the self-doubt of a seemingly impenetrable Hollywood star. (New York Times)
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.
Retail investors turn to cash after the stock market crash
Source: Financial Times
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