10 Thursday AM Read – The Big Picture

my morning the train WFH reads:

Forbes 400 2022: The Definitive Ranking of the Richest Americans: The richest people in the U.S. are poorer in 2022 than they were a year ago—and the cutoff for making the list has dropped for the first time since the Great Recession. (Forbes)

Sympathy for Diman: He is dealing with a critical deficit: the balance sheet. (Financial Times) see more Restructuring of Goldman Sachs: What did David Solomon achieve? After nearly four years in charge, the CEO’s strategy to diversify the bank has not been as transformative as many had hoped. (Financial Times)

What happened to giving money to charity? The super-wealthy are giving more than ever. That doesn’t mean the rest of us are giving less. (Vox)

John Paulson on the frothy US housing market: This time is different Unlike in the subprime era, the financial system is not at risk, he says, with real interest rates responsible for gold’s devaluation. (Bloomberg)

Satoshi stumbles: The ex-officio calendar provides insight into SEC regulatory intent: Hinman’s agenda, obtained by Fox Business, details meetings during his nearly four-year tenure at the SEC. (Fox Business)

How the Bank of England Should Respond to the Pound’s Crashing UK Fiscal Policy: Given the UK government’s irresponsible fiscal policy announcements and the fall of the pound, the Bank of England has few good options. While the UK may not have a currency crisis – it has a flexible exchange rate and issues public debt in its own currency – a collapsing currency is still a big problem for inflation and financial stability. (Peterson Institute for International Economics)

Silicon Valley returns to ‘bro’ culture Elon Musk, Mark Zuckerberg and Marc Andreessen show how the insular culture of the tech industry remains largely unchanged. (New York Times)

For a long time, Covid has forced a reckoning for one of medicine’s most neglected diseases: Only a few dozen doctors specialize in chronic fatigue syndrome (ME/CFS). Now their knowledge could be crucial to the treatment of millions more patients. (Atlantic)

Texans who are moving to Illinois: Armadillos: Possum-sized creatures creeping north—and leaving their mark on Lincoln’s Land; “I’m not sure I’d label them ‘cute’.” (Wall Street Journal)

Elizabeth Banks thinks this interview is dangerous for her: There are very few female directors in Hollywood. The number of actresses who have become directors is also less. i have [expletive] I work my tail off to be able to do what I’m doing. I want you to interview studio heads and corporations and ask them these questions, because I can’t figure it out. (New York Times)

Be sure to check out our Masters in Business interview this weekend with David McRaney, science journalist, blogger, podcaster and author. He created the You’re Not So Smart podcast based on his bestselling book of the same name. His new book “How Minds Change: The Surprising Science of Beliefs, Opinions, and Persuasion

The turning point for electric cars could happen when US sales begin to increase

Source: Cars and Drivers

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