My two-for-Tuesday morning
the train WFH reads:
• American workers need lots and lots of robots With the power of automation, our employees can win. Without it, they are in trouble. (nohpinion) see more The job market cooled but was still strong in August The monthly employment report suggested that the Federal Reserve may be able to control inflation without causing a recession. (NYT)
• The housing market downturn, explained in 7 charts: With steep mortgage rates and sky-high prices, housing is becoming harder for buyers and renters to afford. (Vox)
• Consumers feel worse now than they did during the Covid lockdown: Sentiment has generally fallen to levels associated with worse financial and economic conditions than today. (Wall Street Journal) But look Are partisanships driving consumer sentiment? Does this mean that current sentiment readings are worse than: 1980-82 Double Dip Recession, 1987 Crash, 1990 Recession, 9/11 terrorist attacks, 2000-2003 dotcom implosion, 2007-09 Great Financial Crisis, 2007 Pandemic (TBP)
• Why Bloomberg lives on and on and on: Bloomberg has five main reasons to defy gravity: knowing their client preferences; replacement costs; a higher brand and network effect; A disciplined pricing strategy; and long-term vision around product expansion. (Financial Times)
• Everyone has seen sharks in the summer: After a season of bites, haunted beaches, and frustrated researchers, it’s clear that sharks are back in New York. We are not prepared for its meaning. (slate) see more During a summer of revenge travel, Covid returns: Omicron subvariants were so contagious that people who had managed to avoid contracting the coronavirus for more than two years could no longer pass it on, forcing even those who had received the vaccine to cancel trips, isolate abroad or overhaul itineraries. People who were already infected with Covid are infected again. (Washington Post)
• Plug-in hybrids could lead us to a fully electric future: Americans’ efforts to replace their gas-powered cars with EVs continue to run into two stubborn realities: Most consumers aren’t ready to go electric, nor is the battery supply chain ready for the surge in demand. Driving the news: The Inflation Reduction Act, which President Biden signed into law earlier this month, was called to expand the EV tax credit. (Axios)
• Overcome the drought: The coming water shortage is a threat from Main Street to Wall Street (Barron’s) see more Cloud Wars: Middle East rivalry escalates with a new front: Climate change is making the region hotter and drier, with the UAE leading efforts to shed more rain beyond the clouds and other countries scrambling to keep up. (New York Times)
• Boris Johnson is handing his successor an economic ‘disaster’: Across the UK, businesses and households are warning they won’t make it through the winter without government help This poses huge challenges for incoming Prime Minister Liz Truss. (CNN Business)
• Octopuses don’t have backbones — or rights: As cephalopods become more important in neuroscience and other fields, scientists and conservationists want to give intelligent animals the same protections as rats and monkeys. (New York Times) see more Can we save the planet and still eat meat? A growing body of research suggests that the world can, in fact, grow enough beef, pork, chicken, and other meats, so that anyone can eat a modest portion of meat a few times a week—and do so sustainably (Slate).
• New York Yankees slugger Aaron Judge follows his bid for the home run milestone Judge is on pace to surpass Yankees legend Roger Maris’ pre-steroid mark of 61 homers in a single season. (Wall Street Journal)
Be sure to check out our Masters in Business interview this weekend with Lynn Martin, president of the NYSE, part of the Intercontinental Exchange. The NYSE is the world’s largest stock exchange, with 2,400 listed companies and a combined market cap of ~$36 trillion. He started his career in Global Services at IBM.
Low vaccine booster rates are now a key cause of COVID-19 deaths — and racial disparities in booster rates persist
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