My two-for-Tuesday morning the train WFH reads:

Revenge of the Founders: Generational Struggle on Wall Street The sudden departure of Keosong Lee as Carlyle Group chief executive has sparked a dispute over how to run the financial firm. (New York Times) see more Who is one of the Silicon Valley lawyers for the Kasturi-Twitter trial?: More than 100 subpoenas have been issued to techies like Jack Dorsey and Marc Andreessen as Twitter tries to force Elon Musk to complete a $44 billion deal. Law firms are stumped. (New York Times)

Is this chart going up or down? You’d be surprised how many financial advisors, insurance brokers, financial advisors, financial planners, warehouse asset managers, financial consultants and various other intermediaries have been in the business for their lives looking at this chart and couldn’t give it to you directly. Answer. (reform broker)

Why Downtown Won’t Die: As offices decline in importance, central business districts are transforming into places to live and socialize, not just work. This is a process that started before Covid-19. (CityLab) see more The Penn Station plan makes a high stake on the future of office work: Despite record-high office vacancies, Gov. Cathy Hochul has backed a real estate project at a New York transit hub that would be the largest in American history. (New York Times)

The original value of crypto was never $3 trillion: The true value of the crypto market is not what its believers suggest, but it is also nothing to scoff at. (Business Week)

Do you want an electric car with a 300 mile range? When was the last time you drove 300 miles? “The average American motorist drives about 40 miles a day and 95 percent of our car trips are 30 miles or less… We haven’t overcome this mental barrier so much as thrown in a big battery.” (New York Times) see more Mercedes-Maybach has risen gloriously from the dead again The Maybach brand’s new offering, the spacious S 580 sedan, is an opulent chariot that combines the best of Mercedes driving with creature comforts. (Bloomberg)

Six months later, how are the sanctions affecting the Russian economy? Energy embargoes and private sector investment are further isolating Russia. (Vox)

The real climate impact of deflationary legislation is a decade away: Legislation could accelerate adoption of emerging technologies, such as green hydrogen along the learning curve (Wall Street Journal) But see also First solar to invest $1.2 billion in US plants spurred by climate law: Until recently, the solar-panel maker had no plans to expand further in the U.S. but pivoted after President Biden signed the climate and health care spending package into law. (Wall Street Journal)

The “danger zone” is going through the next 10 years of US-China relations: The writers don’t spend much time convincing you that China’s leaders are bent on conflict — a task already accomplished by earlier writers such as Rush Doshi’s The Long Game. It is no longer really a question of whether China seeks to displace the United States as the world’s leading power—it does—but rather a question of how the United States and its allies can counter this effort. Brands and Beckley try to answer. (nohpinion)

How long droughts make floods worse: Dry land is less likely to absorb water and increases the risk of dangerous flash floods. But there are ways to mitigate these conditions. (of wire) see more In America’s fastest-growing metros, growing fears will run dry: “It seems a bit insane to me that you continue to allow growth to continue while dealing with this unprecedented drought. Instead of trying to find all these water sources, we should be controlling growth.” (Washington Post)

15 Under-The-Radar TV Shows That Deserve Your Attention: A lot of great television slips through the cracks these days. (Atlantic)

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

 

Which industry has the highest levels of working from home?

Source: WFH Research

 

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